3rd Party Logistics (3pl)
A B H I IMPACT INTERNATIONAL FREIGHT BROKER L.L.C. Offers to its client's 3PL services to manage their various functions in supply chain so that the principal can focus on core competencies and better manage and utilize company assets and resources and optimize inventory and personnel.
- Integrate and Manage Logistics Functions
- Inbound and Outbound Logistics
- In-plant Logistics
- Vendor Coordination
- Reverse Logistics.
Third Party Logistics (3PL)
A third-party logistics (3PL) firm is an external supplier that performs all or part of the company's logistics functions. The definition encompasses providers of services such as transportation, warehousing, distribution and so on.
The use of third party logistics providers has grown dramatically over the last several years and has increasingly become an effective way to reduce costs and spread risks for traditional, vertically integrated firms.
The economic advantages of using 3PL suppliers are
- Elimination of infrastructure investments
- Access to world-class processes, products, services or technologies
- Improved ability to react quickly to changes in business environments
- Risk sharing
- Better cash-flow
- Reduction of operating costs
- Exchange of fixed costs with variable costs
- Access to resources not available in one's own organization
As customers grow accustomed to using the services of a 3PL provider for certain activities such as transportation and warehousing, they become better candidates for a broader range of service offerings, or value-added services.
Examples of value-added services provided by 3PL providers are
- Incorporate innovative methods & applications through latest technology
- Supply chain planning to supply chain execution
- Complete full proof, easy to use tracking solutions
- IT & Logistics technologies for SCM
- Pick and pack
- Marking, tagging, and labeling
- Product returns and reverse distribution
- Packaging and repackaging
- Salvage and scrap disposal